Common use of Payment of Indebtedness, Taxes, Etc Clause in Contracts

Payment of Indebtedness, Taxes, Etc. (a) Pay all indebtedness and obligations as and when due and payable and (b) pay and discharge or cause to be paid and discharged promptly all taxes, assessments and governmental charges or levies imposed upon it or upon its income and profits, or upon any of its property, real, personal or mixed, or upon any part thereof, before the same shall become in default, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might become a lien or charge upon such properties or any part thereof; provided, however, that neither it nor any of its Subsidiaries shall be required to pay and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be contested in good faith by appropriate proceedings, and there shall have been set aside on its books adequate reserves with respect to any such tax, assessment, charge, levy or claim so contested; and further provided that, subject to the foregoing proviso, it will and will cause its Subsidiaries to pay or cause to be paid all such taxes, assessments, charges, levies or claims upon the commencement of proceedings to foreclose any lien which has attached as security therefor.

Payment of Indebtedness, Taxes, Etc. (a) Pay all indebtedness and obligations obligations, including, but not limited to, all principal and interest on all Notes, whether now existing or hereafter arising, as and when due and payable and (b) pay and discharge or cause to be paid and discharged promptly all taxes, assessments and governmental government charges or levies imposed upon it or upon its income and profits, or upon any of its property, real, personal or mixed, or upon any part thereof, before the same shall become in default, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might become a lien or charge upon such properties or any part thereof; provided, however, that neither it the Company nor any of its Subsidiaries shall be required to pay and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be contested in good faith by appropriate proceedings, and there the Company or such Subsidiary, as the case may be, shall have been set aside on its books adequate reserves determined in accordance with Generally Accepted Accounting Principles with respect to any such tax, assessment, charge, levy or claim so contestedcontested and; and further further, provided that, subject to the foregoing proviso, it will the Company and will cause each of its Subsidiaries to will pay or cause to be paid all such taxes, assessments, charges, levies or claims upon the commencement of proceedings to foreclose any lien which has attached as security therefor.

Payment of Indebtedness, Taxes, Etc. (a) Pay and perform all indebtedness obligations and Indebtedness of the Company, and cause to be paid and performed all obligations as and when due Indebtedness of its Subsidiaries in accordance with the terms thereof and payable and (b) pay and discharge or cause to be paid and discharged promptly all taxes, assessments and governmental charges or levies imposed upon it the Company or upon its income and profitsSubsidiaries, or upon any of its propertytheir respective income, real, personal receipts or mixed, or upon any part thereof, properties before the same shall become in defaultpast due, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might become a lien Lien or charge upon such properties or any part thereof; provided, however, that neither it nor any of the Company and its Subsidiaries shall not be required to pay and discharge obligation, Indebtedness, taxes, assessments or cause to be paid and discharged any such taxgovernmental charges or levies or claims for labor, assessment, charge, levy materials or claim so long as supplies for which the validity thereof Company or its Subsidiaries shall be have obtained an adequate bond or adequate insurance or which are being contested in good faith and by appropriate proceedingsproper proceedings which are being reasonably and diligently pursued if such proceedings do not involve any likelihood of the sale, forfeiture or loss of any such property or any interest therein while such proceedings are pending, and there provided further that book reserves adequate under generally accepted accounting principles shall have been set aside on its books adequate reserves established with respect thereto and provided further that the owing Person's title to, and its right to any such taxuse, assessment, charge, levy or claim so contested; and further provided that, subject to the foregoing proviso, it will and will cause its Subsidiaries to pay or cause to be paid all such taxes, assessments, charges, levies or claims upon the commencement of proceedings to foreclose any lien which has attached as security thereforproperty is not materially adversely affected thereby.

Payment of Indebtedness, Taxes, Etc. (a) Pay all indebtedness and obligations obligations, now existing or hereafter arising, as and when due and payable and (b) pay and discharge or cause to be paid and discharged promptly all taxes, assessments and governmental government charges or levies imposed upon it or upon its income and profits, or upon any of its property, real, personal or mixed, or upon any part thereof, before the same shall become in default, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might become a lien or charge upon such properties or any part thereof; provided, however, that neither it the Company nor any of its Subsidiaries shall be required to pay and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be contested in good faith by appropriate proceedings, and there the Company or such Subsidiary, as the case may be, shall have been set aside on its books adequate reserves determined in accordance with Generally Accepted Accounting Principles with respect to any such tax, assessment, charge, levy or claim so contestedcontested and; and further further, provided that, subject to the foregoing proviso, it will the Company and will cause each of its Subsidiaries to will pay or cause to be paid all such taxes, assessments, charges, levies or claims upon the commencement of proceedings to foreclose any lien which has attached as security therefor.